BlackRock Inc. (BLK) announced the acquisition of the remaining 75% equity stake in SpiderRock Advisors, a leading provider of customized option overlay strategies in the U.S. wealth market. The deal is expected to close in the second quarter of 2024 and is still subject to customary approvals. This transaction is an extension of BlackRock’s minority investment of 25% in the firm in 2021 and reinforces its commitment to personalized separately managed accounts (SMAs). The financial terms of the transaction ...